For Sellers

April 2018 Real Estate Board of Greater Vancouver Statistics Package with Charts & Graphs

 Home sales down, listings up across Metro Vancouver The Metro Vancouver housing market saw fewer home buyers and more home sellers in April. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,579 in April 2018, a 27.4 per cent decrease from the 3,553 sales recorded in April 2017, and a 2.5 per cent increase compared to March 2018 when 2,517 homes sold. Last month’s sales were 22.5 per cent below the 10-year April sales average. “Market conditions are changing. Home sales declined in our region last month to a 17-year… Find out more

Presale condo assignments ARE NOT Shadow Flips and DO NOT push up real estate prices in Vancouver

Recent media articles on presale condo assignments of contract have been full of factual errors and have misrepresented presale assignments as shadow flips. Presale condo assignments ARE NOT Shadow flipping. Let's clarify. What is a Shadow Flip? A shadow flip is when an existing property primarily a single family house or single family house lot is purchased by a buyer under false pretenses. The contract that was used to purchase the property has a clause in it saying that the buyer can assign the contract without the permission of the seller. This practice victimized unsophisticated sellers of single-family houses in… Find out more

March 2018 REBGV Metro Vancouver Statistics Report with Charts & Graphs

  March 2018 Detached Properties March February Activity Snapshot 2018 2017 One-Year Change 2018 2017 One-Year Change Total Active Listings 5,346 4,854 + 10.1% 5,203 4,783 + 8.8% Sales 734 1,157 - 36.6% 626 746 - 16.1% Days on Market Average 40 39 + 2.6% 44 41 + 7.3% MLS® HPI Benchmark Price $1,608,500 $1,498,100 + 7.4% $1,602,000 $1,481,200 + 8.2% Condos March February Activity Snapshot 2018 2017 One-Year Change 2018 2017 One-Year Change Total Active Listings 2,224 2,566 - 13.3% 2,144 2,599 - 17.5% Sales 1,356 1,840 - 26.3% 1,185 1,277 - 7.2% Days on Market Average 18 22… Find out more

March 2018 Real Estate Board of Greater Vancouver Statistics Package with Charts & Graphs

Fewer home sales and listings in the first quarter of 2018 Home buyers and sellers were less active in Metro Vancouver throughout the first quarter of 2018. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,517 in March 2018, a 29.7 per cent decrease from the 3,579 sales recorded in March 2017, and a 14 per cent increase compared to February 2018 when 2,207 homes sold. Last month’s sales were 23 per cent below the 10-year March sales average. There were 6,542 home sales on the Multiple Listing Service® (MLS®) in… Find out more

February 2018 Real Estate Board of Greater Vancouver Statistics Package with Charts & Graphs

 Home buyers were less active in February Home buyers were less active in February VANCOUVER, BC – March 2, 2018 – Metro Vancouver* home sales dipped below the long- term historical average in February. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,207 in February 2018, a nine per cent decrease from the 2,424 sales recorded in February 2017, and a 21.4 per cent increase compared to January 2018 when 1,818 homes sold. Last month’s sales were 14.4 per cent below the 10-year February sales average. By property type, detached… Find out more

January 2018 Real Estate Board of Greater Vancouver Statistics Package with Charts & Graphs

Home buyer demand depends on property type Attached and apartment homes are in demand across Metro Vancouver while detached home buyers are facing less competition today. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,818 in January 2018, a 19.4 per cent increase from the 1,523 sales recorded in January 2017, and a 9.8 percent decrease compared to December 2017 when 2,016 homes sold. Last month’s sales were 7.1 per cent above the 10-year January sales average. By property type, detached sales were down 24.8 per cent from the 10-year January… Find out more